单选题 Should the notes to the financial statements include the following disclosures? Disclosure 1: Revenue recognition policy when a right of return exists. Disclosure 2: Concentrations of credit risk for receivables with common characteristics that may affect their ultimate collection. Disclosure 1 Disclosure 2 ①A. Yes No ②B. No No ③C. Yes Yes A．① B．② C．③

【正确答案】 C

【答案解析】The financial statement footnotes should disclose the specific accounting policies, including revenue recognition methods, used in preparing the financial statements. The footnotes should also disclose key estimation uncertainties that may cause material adjustments in the carrying value of assets and liabilities. One such disclosure is concentrations of credit risk.